The US offshore wind industry is set to power up over the coming decade with as much as 25GW in new installations – or as little as 15GW given longer-term uncertainty with permitting delays, political risk and project timing, according to a new report from Wood Mackenzie report.
If the sector can deliver 25GW, it could capture almost half of the total US market for new wind power capacity through 2029, the analyst group said in US Offshore Wind Outlook 2020-29.
